Nigerian-founded Moniepoint Inc. has been recognised as one of the United Kingdom’s leading fintech companies by global broadcaster CNBC, further cementing its status as one of Africa’s most successful digital finance firms making strides on the international stage. The announcement was made in collaboration with market research company Statista after an extensive review of financial performance indicators across 2023 and 2024.
The CNBC list highlighted companies that recorded strong growth in revenue, transaction volumes, and capital raised within the period. Moniepoint, one of Africa’s largest digital banking and business payments platforms, was selected based on its consistent expansion, robust transaction processing, and innovation in delivering financial services.
The recognition comes only months after Moniepoint launched MonieWorld, a new digital platform designed to serve Africans in the diaspora with remittance services and other financial products. The United Kingdom was chosen as the first overseas market for the product, reflecting the significance of the UK as both a financial hub and a major remittance corridor for Africa.
Co-Founder and Group Chief Executive Officer, Tosin Eniolorunda, expressed pride at the latest honour, describing it as a reflection of Moniepoint’s commitment to global growth while retaining its Nigerian roots. “We are delighted to be honoured once again by CNBC, this time as one of the UK’s top fintech companies. We are Nigerian-founded and proud of our heritage, but we recognise the importance of the UK market as both a strategic bilateral trade partner and a vital remittance corridor for Africa,” he said in a statement.
Founded in 2015 by Eniolorunda and Felix Ike under the name TeamApt Inc., Moniepoint has grown from a small Nigerian startup into a major financial services provider across Africa. The company now serves over 10 million customers, processes more than one billion transactions every month valued at over $22 billion, and provides an integrated suite of products including digital banking, credit, payments, and business management tools.
Moniepoint’s rise has been marked by repeated appearances on prestigious global rankings. In 2024, the company was listed on TIME magazine’s 100 Most Influential Companies, CNBC’s Top 300 Global Fintech Firms, the Financial Times ranking of Africa’s fastest-growing companies for three years in a row, and CB Insights’ Fintech 100 list. The CNBC UK fintech list is its latest recognition, reinforcing the company’s strong international profile.
The UK’s fintech industry is regarded as the largest in Europe, hosting hundreds of firms across payments, digital banking, wealth management, and digital assets. CNBC’s new listing highlighted leading players that are shaping the future of financial services in the region, and Moniepoint’s inclusion underlines its expanding influence beyond Africa.
Analysts note that Moniepoint’s success in the UK market could further strengthen Nigeria’s reputation as a hub for fintech innovation. With millions of Africans living abroad, remittances remain a crucial financial lifeline, and platforms like MonieWorld are well positioned to provide affordable, reliable, and seamless transfer solutions.
Moniepoint has built its reputation on helping small and medium-sized businesses in Africa gain access to affordable financial services, while also developing tools that support day-to-day management. Its entry into the UK fintech space demonstrates how African-founded companies can compete globally by offering tailored services to meet the needs of underserved communities.
The firm’s strategy appears focused on leveraging its African heritage while expanding into key international markets with high African diaspora populations. Industry watchers believe that as Moniepoint consolidates its operations in the UK, it may look to expand further into other parts of Europe and North America, where remittances to Africa remain a strong driver of financial flows.
For Moniepoint, the recognition by CNBC is both a validation of its business model and a signal of its potential to play a more significant role in global fintech. As financial technology continues to reshape banking and commerce worldwide, the Nigerian-founded company is positioning itself as a bridge between Africa and the rest of the world.
